Sunflower oil and margarine continue to fall in price in Russia

Published 2022년 11월 24일

Tridge summary

From November 15 to November 21, 2022, Russia experienced a decrease in consumer prices for sunflower oil and margarine, with sunflower oil falling by 0.4% and margarine by 0.6%. This comes after previous decreases in September and October. However, weekly inflation in the country slightly accelerated to 0.11%, with an overall consumer price increase of 10.86% since the beginning of 2022. The Ministry of Economic Development expects inflation to be lower than the forecasted 12.4% by the end of 2022, potentially ranging from 12-12.4%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From November 15 to November 21, 2022, consumer prices for sunflower oil and margarine in Russia once again decreased. This is reported by specialists of the Federal State Statistics Service (Rosstat) in their monitoring. Thus, according to the agency, during the reporting period, oil in the Russian Federation became cheaper by 0.4% against a decrease of 0.8% in the previous week under review. As noted earlier in Rosstat, the product fell in price by 1.7% in October. In September, the decline was less than 0.1%. In August - almost 1.5%. As for margarine, during the period under review, it dipped in value by 0.6%. From November 8 to November 14, 2022, the product fell in price by 0.01%, from November 1 to 7 - by 0.3%. According to the results of the last month - by 0.7%. In general, weekly inflation in the Russian Federation slightly accelerated - from 0.06% a week earlier (November 8-14) to 0.11%. Since the ...
Source: Oilbranch

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